Hilton Grand Vacations reports Q1 EPS 9c, consensus 53c

Reports Q1 revenue $1.15B, consensus $1.25B. “We delivered solid results for the quarter, with our new offerings and the teams’ diligent commitment to our process improvements and efficiency efforts combining to produce strong growth in transactions, VPG and contract sales,” said Mark Wang, CEO of Hilton Grand Vacations (HGV). “We carried good momentum into April – with continued traction from our launch of HGV Max to our Bluegreen members along with sales of our new Ka Haku project – and our leading demand indicators remain steady. We’ve also taken proactive steps to maintain that momentum in the face of increased uncertainty due to the recent macroeconomic and market volatility, with additional initiatives aimed at further improving our efficiency, strengthening our value proposition, and improving our member engagement. These initiatives will support our earnings and cash flow goals in the short term, as well as drive additional value creation for the business over the long term.”